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Mergers & Acquisitions
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March 24, 2025
Chancery OKs Paramount Global Docs Suit For Interim Appeal
Citing unsettled issues covering the use of confidential sources and pre- or post-petition evidence in stockholder books and records cases, a Delaware vice chancellor on Monday asked Delaware's Supreme Court for mid-case review of a decision that revived a Paramount Global records demand suit.
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March 24, 2025
T-Mobile, UScellular Deal Could Cut Service, FCC Warned
The planned multibillion-dollar tie-up between T-Mobile and UScellular wireless operations could harm consumers by shutting down cell towers in areas that can't be served without government deployment aid, the deal's opponents told the Federal Communications Commission.
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March 24, 2025
Ex-Pioneer CEO's Federal Case Against FTC Paused
A Texas federal court agreed Monday to pause a lawsuit from the former CEO of Pioneer Natural Resources accusing the Federal Trade Commission of violating his constitutional rights by barring him from serving on Exxon's board until there's a decision in the administrative case.
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March 24, 2025
SmartStop REIT Plans $864M IPO Amid US-Canada Trade Row
SmartStop Self Storage REIT Inc., a real estate investment trust managing U.S. and Canadian properties, unveiled plans on Monday for an estimated $864 million initial public offering amid trade disputes rippling across North America, represented by聽Nelson Mullins Riley & Scarborough LLP聽and underwriters' counsel Latham & Watkins LLP.
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March 24, 2025
Norton Rose, Latham Steer Alcon's $430M Lensar Buy
Eye care company Alcon, advised by Norton Rose Fulbright, unveiled on Monday an agreement to purchase聽medical technology developer Lensar, which is represented by聽Latham & Watkins LLP, for up to $430 million.
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March 24, 2025
O'Melveny Adds Willkie M&A Tech Pro In California
O'Melveny & Myers LLP announced Monday that it has brought on a Willkie Farr & Gallagher LLP mergers and acquisitions ace with lots of technology company expertise as a partner in the firm's Silicon Valley and Orange County, California, offices.
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March 24, 2025
3rd Circ. Upholds No-Coverage Ruling For PNC's $106M Loss
PNC Bank NA can't get coverage for a more than $106 million judgment it paid over underlying claims that a bank PNC acquired had mismanaged certain trust accounts, the Third Circuit ruled, finding a provision that barred coverage for wrongful acts occurring before an acquisition was applicable.
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March 24, 2025
3 Firms Advise As Gold Cos. Tussle Over Rejected $2.1B Offer
Australia's Gold Road Resources Ltd. rejected what it called a "highly opportunistic" AU$3.3 billion ($2.07 billion) takeover bid from South African miner Gold Fields Ltd., but both companies were left "disappointed" after a Gold Road counterproposal was also turned down, according to company statements Monday.聽
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March 24, 2025
Trump Asks High Court To Halt Fed. Workers' Reinstatement
The Trump administration asked the U.S. Supreme Court on Monday to pause a California federal court order reinstating tens of thousands of probationary federal workers who were fired from six agencies, arguing the band of nonprofit groups that obtained the order have no standing to challenge the firings.
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March 24, 2025
King & Spalding Guides Roper's $1.65B CentralReach Deal
Roper Technologies Inc., advised by聽King & Spalding LLP, announced Monday it plans to buy Willkie Farr & Gallagher LLP-led CentralReach, a software company that is focused on autism and intellectual and developmental disabilities care, from private equity shop Insight Partners for roughly $1.65 billion.
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March 24, 2025
4 Firms Advise On $8.75B James Hardie, Azek Deal
Dublin-based building products company James Hardie Industries PLC has agreed to acquire The Azek Co. Inc. in a cash and stock transaction valued at $8.75 billion, including debt, in a deal steered by four law firms.聽
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March 24, 2025
Sidley-Led Clearlake Inks $7.7B Deal To Buy Dun & Bradstreet
Sidley Austin LLP-advised Clearlake Capital Group has agreed to acquire business analytics provider Dun & Bradstreet Holdings Inc., represented by Weil Gotshal & Manges LLP,聽at a $7.7 billion valuation, including debt, the companies said Monday.
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March 24, 2025
DNA Testing Firm 23AndMe Files Ch. 11 With Plans To Sell
DNA testing company 23andMe Inc. filed for Chapter 11 protection in Missouri bankruptcy court, listing $214 million of debt and saying it plans to sell its business through the bankruptcy process.
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March 24, 2025
Wood Group Gets More Time To Discuss Sidara Takeover
Britain's mergers and acquisitions watchdog has handed engineering consultancy Wood Group and Sidara more time to firm up a deal after the Middle Eastern rival pulled out of a 拢1.6 billion ($2 billion) takeover in August.
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March 21, 2025
Chancery Nixes Mid-Case Appeal In Sears Appraisal Suit Fix
A Delaware vice chancellor refused on Friday to certify a mid-case appeal sought by bankrupt Sears Hometown Stores and its billionaire controller after a Court of Chancery ruling that an investor should get a full $4.06 per share post-squeeze-out merger award despite pursuing an alternative stock appraisal that was dead-ended by bankruptcy.
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March 21, 2025
Divisive Del. Corporate Law Bill May Get Compromise Tweak
A Delaware state representative reported active interest Friday in possible "opt-in" requirements for proposed changes to聽the section of聽Delaware's general corporation law聽pertaining to聽potentially conflicted business transactions and聽controlling investors.
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March 21, 2025
Block & Leviton, Elsberg To Co-Lead Agiliti Squeeze-Out Suit
Block & Leviton and Elsberg Baker & Maruri have won co-lead counsel roles in a consolidated proposed investor class action in Delaware's court of chancery challenging an alleged squeeze-out of minority shareholders of medical equipment company Agiliti Inc.
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March 21, 2025
Off The Bench: Celts Sold, Tennis 'Cartel,' DraftKings In Deep
In this week's Off The Bench, two BigLaw titans help steer the record sale of a prestigious NBA franchise, tennis pros heap damning antitrust allegations on the sport's leadership, and DraftKings remains mired in a dispute over its use of baseball players' likenesses to promote their gambling offers.
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March 21, 2025
Exactech Strikes $10M Deal With TPG In Ch. 11
Counsel for medical implant maker Exactech Friday told a Delaware bankruptcy judge it has reached a $10 million settlement of potential claims against its equity sponsor a week before it will seek approval to send its Chapter 11 plan out for a vote.
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March 21, 2025
Israel-Focused SPAC Raises $125M To Pursue Merger
Shares of Gesher Acquisition Corp. II began trading on the Nasdaq on Friday after the blank-check company detailed plans to raise $125 million in its initial public offering with the goal of merging with an Israeli company.
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March 21, 2025
Taxation With Representation: Cravath, Paul Weiss, Cooley
In this week's Taxation With Representation, Google acquires Wiz, QXO Inc. acquires Beacon Roofing Supply, and the Boston Celtics are bought by a group led by private equity firm co-founder William Chisholm.
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March 21, 2025
AstraZeneca To Invest $2.5B In China Research Hub
Pharmaceutical giant AstraZeneca on Friday announced plans to invest $2.5 billion in Beijing over the next five years to establish a new global strategic research and development center, inking agreements with three biotechs to help develop new treatments and聽advance life sciences in China.
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March 21, 2025
Apollo, BP Ink $1B Deal For Stake In European Gas Pipeline
BP has agreed to sell a 25% noncontrolling stake in a BP entity invested in the聽Trans-Anatolian Natural Gas Pipeline, or TANAP, to funds managed by Apollo Global Management for $1 billion, the companies said Friday.
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March 21, 2025
How Dealmaking Attorneys Are Navigating Trump's Tariffs
While dealmakers expected a robust start to 2025 under the second Trump administration with less regulatory scrutiny, the president's changing tariff actions have slowed deal activity and left attorneys working diligently to help clients navigate an uncertain mergers and acquisitions environment.
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March 21, 2025
White & Case Leads Alfa Laval In 鈧800M Cryogenics Biz Deal
Swedish company Alfa Laval AB said Friday that it has agreed to acquire the cryogenics business of French industrial giant Fives Group for 鈧800 million ($870 million) in an all-cash and debt-free deal guided by White & Case LLP.
Expert Analysis
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Firms Must Offer A Trifecta Of Services In Post-Chevron World
After the U.S. Supreme Court鈥檚 Loper Bright Enterprises v. Raimondo decision overturning Chevron deference, law firms will need to integrate litigation, lobbying and communications functions to keep up with the ramifications of the ruling and provide adequate counsel quickly, says Neil Hare at Dentons.
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5 Tips To Succeed In A Master Of Laws Program And Beyond
As lawyers and recent law school graduates begin their Master of Laws coursework across the country, they should keep a few pointers in mind to get the most out of their programs and kick-start successful careers in their practice areas, says Kelley Miller at Reed Smith.
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Series
Being An Opera Singer Made Me A Better Lawyer
My journey from the stage to the courtroom has shown that the skills I honed as an opera singer 鈥 punctuality, memorization, creativity and more 鈥 have all played a vital role in my success as an attorney, says Gerard D'Emilio at GableGotwals.
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How Law Firms Can Avoid 'Collaboration Drag'
Law firm decision making can be stifled by 鈥渃ollaboration drag鈥 鈥 characterized by too many pointless meetings, too much peer feedback and too little dissent 鈥 but a few strategies can help stakeholders improve decision-making processes and build consensus, says Steve Groom at Miles Mediation.
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Opinion
Litigation Funding Disclosure Key To Open, Impartial Process
Blanket investor and funding agreement disclosures should be required in all civil cases where the investor has a financial interest in the outcome in order to address issues ranging from potential conflicts of interest to national security concerns, says Bob Goodlatte, former U.S. House Representative for Virginia.
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The Licensure Landscape For Psychedelics Manufacturers
As the need for bulk manufacturing of psychedelic substances grows, organizations aiming to support clinical trials or become commercial suppliers must navigate a rigorous and multifaceted journey to obtaining a license from the U.S. Drug Enforcement Administration, say Kimberly Chew at Husch Blackwell and Jaime Dwight at Promega Corp.
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What NFL Draft Picks Have In Common With Lateral Law Hires
Nearly half of law firm lateral hires leave within a few years 鈥 a failure rate that is strikingly similar to the performance of NFL quarterbacks drafted in the first round 鈥 in part because evaluators focus too heavily on quantifiable metrics and not enough on a prospect's character traits, says Howard Rosenberg at Baretz+Brunelle.
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Foreign Threat Actors Pose Novel Risks To US Tech Cos.
A recent bulletin jointly issued by several U.S. intelligence agencies warns technology startups and the venture capital community about national security risks posed by foreign threat actors, so companies interested in raising foreign capital should watch for several red flags, say Robert Friedman and Jacob Marco at Holland & Knight.
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Replacing The Stigma Of Menopause With Law Firm Support
A large proportion of the workforce is forced to pull the brakes on their career aspirations because of the taboo surrounding menopause and a lack of consistent support, but law firms can initiate the cultural shift needed by formulating thoughtful workplace policies, says Barbara Hamilton-Bruce at Simmons & Simmons.
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Planning Law Firm Content Calendars: What, When, Where
During the slower month of August, law firms should begin working on their 2025 content calendars, planning out a content creation and distribution framework that aligns with the firm鈥檚 objectives and maintains audience engagement throughout the year, says Jessica Kaplan at Legally Penned.
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4 Steps To Address New Sanctions Time Bar Extension
Recent guidance from the Office of Foreign Assets Control clarifies details of the newly extended statute of limitations for civil and criminal enforcement of U.S. sanctions law, so compliance teams should implement key updates, including to lookback periods and recordkeeping policies, say attorneys at Freshfields.
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Series
Playing Golf Makes Me A Better Lawyer
Golf can positively affect your personal and professional life well beyond the final putt, and it鈥檚 helped enrich my legal practice by improving my ability to build lasting relationships, study and apply the rules, face adversity with grace, and maintain my mental and physical well-being, says Adam Kelly at Venable.
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Law Firms Should Move From Reactive To Proactive Marketing
Most law firm marketing and business development teams operate in silos, leading to an ad hoc, reactive approach, but shifting to a culture of proactive planning 鈥 beginning with comprehensive campaigns 鈥 can help firms effectively execute their broader business strategy, says Paul Manuele at PR Manuele Consulting.
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Tips For Revamping Patent Portfolio Strategy In AI Deal Era
Recent data suggests patents are significantly enhancing exit valuations, particularly with cutting-edge technologies like those powered by artificial intelligence, but it is necessary to do more than simply align patent strategy with business goals, says Keegan Caldwell at Caldwell Law.
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Opinion
The Big Issues A BigLaw Associates' Union Could Address
A BigLaw associates鈥 union could address a number of issues that have the potential to meaningfully improve working conditions, diversity and attorney well-being 鈥 from restructured billable hour requirements to origination credit allocation, return-to-office mandates and more, says Tara Rhoades at The Sanity Plea.